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S&P 500 Predictions for September 26, 2023

Updated: Aug 20, 2023



  • Day’s Theme: A sideways-fluctuating rally that precedes a decline.


  • Behavior Around the High: A sharp drop off of the highest high.


  • Behavior Around the Low: A U-shaped dip around the low.


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Overview


On September 26th, we’ll sell off from an important resistance level that we’ve met many times before in the pre-market. There’s an important price level on a one-month scale highlighted around the open. We’ll also have a lot of mixed price movement near a trough around 9:40. We’ll have three pokes through the same price level and a sharp drop after the third poke between 10:00 and 11:00. We’ll have multiple failed attempts to break through key resistance between 11:00 and noon. There’s a crest around 11:30.


We’ll decline into a day’s low midday where we’ll have mixed back and forth behavior around support. There’s a brief peak that’s easily missed between 1:00 and 2:00. That’s followed by a sharp decline through multiple support levels. We’ll bounce along sideways between 1:30 and 2:30 and then decline further to reach another trough for the day. We’ll then have a move from the bottom of a range to the top of a range into a high for the day. We’ll then decline moving into the post-market.






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